The spot price of gold was quoted marginally lower on Tuesday, after breaking above $550 a troy ounce for the first time since January 1981 on Monday evening.
At 9.10am, gold was quoted at $546,40/oz, down $2,55/oz from the metal’s previous close. On Monday evening, gold climbed to a high of $551,80/oz.
In January 1981, gold was fixed at a high of $602,25/oz.
Fund buying on Tuesday morning took the spot price of platinum to $1 018 an ounce, which was the metal’s highest level since March 1980 when platinum climbed to an all-time high of about $1 040/oz.
At 9.30am, platinum was quoted at $1 012/oz, up $9/oz from the metal’s previous close. — I-Net Bridge